Archive for September, 2014
Morocco has jailed four men convicted of planning to join the ranks of jihadists fighting to topple the Syrian regime. (File photo: Reuters)
Morocco has jailed four men convicted of planning to join the ranks of jihadists fighting to topple the Syrian regime, the official MAP news agency said Thursday. (more…)
Morocco will host the fifth edition of the Global Entrepreneurship Summit in Marrakech Nov 20-21 on the theme ‘Harnessing the Power of Technology for Innovation and Entrepreneurship’.
The Summit will bring together over 3,000 entrepreneurs, along with heads of state and government officials, small-medium enterprises, corporate leaders and young entrepreneurs. (more…)
The Dubai Supreme Council of Energy has commenced a road-show in Morocco to promote awareness of the Emirates Energy Award in the Middle East and North Africa (Mena) region. (more…)
After an internal strategic review, and as part of the finalisation of its obligations, Tangiers Petroleum has undertaken to exit the Tarfaya Offshore Block in Morocco
Tangiers has finalised its financial obligations in relation to the drilling of the TAO-1 well, being a total of USD 18.56m. (more…)
Morocco’s state power utility ONEE said on Wednesday it had obtained a $300 million loan from China Exim Bank to finance a 318 megawatt (MW) coal-fired plant in the eastern town of Jerada. (more…)
Attijariwafa Bank, one of Morocco’s biggest lenders, posted a 1.8 percent rise in net profit to 2.3 billion dirhams ($267 million) for the first six months of the year.
The bank’s profit growth was held back by a rise in bad loans related to an economic slowdown in its domestic market and its expansion in sub-Saharan African markets. (more…)
Energy Business Review
GE has been awarded a contract to deliver 56 1.7-100 wind turbines for the 100MW Akhfennir wind farm in Morocco.
Being developed near Akhfennir in southern Morocco by Energie Eolienne du Maroc (EEM), a subsidiary of Nareva, the wind facility will help meet Morocco’s renewable energy goals while the electricity generated will support local industrial firms. (more…)